Self-Directed 401K Plans

This week the IRS came out with changes to the 2018 401(k) contribution limits…and contribution limits for other plans. This newly-released 2018 401(k) contribution limits also apply to a Solo-K plan (which is also often referred to as an individual 401(k), uni-k plan, self-administered 401(k) and self-directed 401(k)). While no major changes occurred, any upward change in contribution limits…read more →

Similar to an IRA LLC, a 401(k) LLC (some 401(k) trustees elect the LLC feature, some do not) is a structure where an LLC, whose sole member is the 401(k) plan, invests on behalf of the 401(k). In instances where investments are being made into real estate, the LLC structure can be of great benefit to the Trustee and the…read more →

How do you have maximum contributions to your 401(k) with less income? Enjoy Part 2 of a blog series on after-tax contributions you can make to your Solo-K plan (also marketed as Uni-K, self-directed 401(k), self-administered 401(k) and Individual 401(k) plans). From the previous post on this topic, an initial introduction was provided to give a brief explanation as to…read more →

When I have written blog posts, I have rarely used “hype” words. You know them: “super”, “new”, “improved”, “secret”, “top 10 reasons”, etc. We know why bloggers use them, but many times we feel suckered when the content of the blog doesn’t live up to the hype of the blog title. Well, I must admit that I am going…read more →

Anyone who has ever spoke to me knows that I am an unabashed fan of the Solo-K plan (also known as a Uni-K, self-directed 401(k), self-administered 401(k). Now, my support of the 401(k) doesn’t mean that anyone can establish the plan. One must be self-employed in some capacity and qualify for the plan….as one might imagine, there must be either…read more →

In the previous post, we discussed deadlines for making contributions to a Solo-K for a sole proprietorship, an S-Corp and C-Corp. In Deadlines for Making Contributions to a Solo-K (Part 2), we will examine the deadlines for making contributions to a Solo-K for both a single-member LLC and a multi-member LLC. Single-Member LLC Keep in mind that with a single-member…read more →

Deadlines for making contributions to a Solo-K can, at times, appear to be in conflict with an employee who participates in a 401(k) plan as a W-2 participant. For example, for those of us who have been (or still are) W-2 employees, imagine if we went up to our employer on January 4 of the following year and said, “hey,…read more →

For anyone who established their Solo 401(k) plan in this current year and rolled over IRA funds into their individual 401(k) plan….this is for you. You established your self-administered, Solo 401(k) plan. You may have set up your plan up in January or possibly setting it up at the end of the year. You may have set up your plan…read more →

Similar to our lives, there is an actual life cycle of a Solo 401(k) plan as well. And, that is how you want to think about your Solo-K plan. If you do, it will certainly help cement in your mind how you are to operate your plan moving forward. It is important that you fully understand this analogy to fully…read more →

A friendly reminder to those of you who executed a rollover from your IRA to your newly-established Solo-K plan (also marketed as a Solo 401(k), Self-Directed 401(k), Self-Administered 401(k), Uni-K, One-Participant 401(k)) during the past tax year (2015). This reminder deals with reporting to the IRS the rollover of this IRA so that they know it is not a taxable…read more →